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Itr4s

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Querist : Anonymous

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Querist : Anonymous (Querist)
17 February 2014 A Person has 8 lac Rs as his Business Income (gross receipts from Cable Operator-Code 901). And his Net profit is about 2.10 lac.his Net profit ratio 26.25. Can He file ITR4S ?
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AVTAR SINGH

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AVTAR SINGH (Expert)
17 February 2014 Yes. File ITR 4S for income exceeding 8% of turnover.
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Querist : Anonymous

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Querist : Anonymous (Querist)
17 February 2014 sir, only cash receipts no turnover(sale)
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AVTAR SINGH

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AVTAR SINGH (Expert)
17 February 2014 Yes, percentage is based on the total turnover or gross receipts.

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